Bonds of the authority shall be confirmed and validated in accordance with the procedure of Article 3 of Chapter 82 of Title 36. The petition for validation shall also make party defendant to such action any authority, subdivision, instrumentality, or agency of the state which has contracted with the authority for the use of any building, structure, or facilities for which bonds have been issued and sought to be validated; and such other authority, subdivision, instrumentality, or agency shall be required to show cause, if any, why such contract or contracts and the terms and conditions thereof should not be inquired into by the court, the validity of the terms thereof determined, and the contract adjudicated as security for the payment of any such bonds of the authority. The bonds, when validated, and the judgment of validation with respect to such bonds shall be final and conclusive against the authority issuing them and against any other authority, subdivision, instrumentality, or agency contracting with the authority.
History. Ga. L. 1949, p. 1009, § 23.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 5 - Georgia Education Authority (University)
§ 20-3-153. Powers of the Authority
§ 20-3-154. Authority to Issue Revenue Bonds; Terms
§ 20-3-155. Form of Bonds; Denominations; Place of Payment; Registration
§ 20-3-156. Signing, Sealing, and Attesting Bonds
§ 20-3-157. Bonds Negotiable; Exemption of Bonds From Taxation
§ 20-3-158. Manner of Sale and Price of Bonds; Assistance by Georgia Building Authority
§ 20-3-159. Use of Bond Proceeds; Additional Bonds
§ 20-3-160. Issuance of Interim Receipts or Certificates or Temporary Bonds
§ 20-3-161. Replacement of Mutilated, Destroyed, or Lost Bonds
§ 20-3-163. Credit of State Not Pledged
§ 20-3-165. Trustee for Bond Proceeds
§ 20-3-167. Remedies of Bondholders, Receivers, or Indenture Trustees
§ 20-3-169. Bonds Legal Investments or Security Deposits
§ 20-3-170. Tax Exemption of Authority’s Property, Activities, Charges, and Bonds
§ 20-3-171. Procedure for Validating Bonds
§ 20-3-172. Venue and Jurisdiction of Actions to Enforce Rights or Validate Bonds
§ 20-3-173. Interests of Bondholders Protected
§ 20-3-174. Acceptance of Grants and Contributions From Federal and Other Sources
§ 20-3-175. Moneys Received Deemed Trust Funds
§ 20-3-176. Fixing, Collecting, and Assigning Rentals and Charges for Use of Projects
§ 20-3-177. Rules and Regulations for Operation of Projects
§ 20-3-179. Power of Regents to Issue Revenue Bonds Not Affected